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Vanguard Goofs on Tax Data
For Several Mutual Funds

By

Pui-Wing Tam and

Tom HermanStaff Reporters of The Wall Street Journal

Updated March 25, 1999 12:01 a.m. ET

Sometimes it just doesn't pay to be an early bird.

Thousands of Vanguard Group investors who purchased the firm's international mutual funds face the prospect of an amended tax return if they are among those who have already wrapped up 1998 income-tax filings. The Malvern, Pa., mutual-fund giant sent out erroneous tax information on seven foreign funds earlier this year to certain broker-dealers, including Charles Schwab Corp., so investors who hold shares through these distributors are affected, Vanguard officials said.